Thread regarding IBM layoffs

20 Worst CEOs in America 2017

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  1. Ginni Rometty

Company: International Business Machines Inc.

Industry: Technology

Tenure: January 2012 to present

YTD share price change: -8.0%

The majority of America’s biggest technology companies have reported huge revenue growth in recent years and have seen their stock prices soar, but not IBM (NYSE: IBM).

Warren Buffett, once a staunch supporter of CEO Ginni Rometty’s turnaround plan, has sold a large portion of his stake in the company. Buffett’s decision seems wise.

Rometty has constantly pushed the success of IBM’s cloud and artificial intelligence initiatives, often under the brand name Watson (named after IBM founder Thomas Watson). IBM has spent so much on marketing that the Watson brand is nearly as visible as IBM itself.

Although IBM beat Wall Street estimates on earnings per share and revenue in its most recent quarter, revenue declined for the 22nd straight reporting period. Almost every IBM division continues to falter, and Watson has been no savior.

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5 replies (most recent on top)

wish IBM mgmt knew how to read so they could read that article and quit brown nosing her

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With the overall upturn in the economy, as IBM lags behind, either they will get more desperate and lay off even more, or they will finally have to give up on this failed experiment and move back toward legitimacy. But which, and how soon?

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No surprise to anyone that is working at IBM. We don't need a news article to confirm.

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Hey, at least top-of-the-list in some category!

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It just says a truth.

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